-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MAnEhUhXTVwVDlcFQEs+mX8z97UyOckkprG+G/WcEMk8772tqtihKaDhemDt6vM2 3kgMca9fVX5RbSiJ1cbvNw== 0000009521-97-000007.txt : 19971222 0000009521-97-000007.hdr.sgml : 19971222 ACCESSION NUMBER: 0000009521-97-000007 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19971031 FILED AS OF DATE: 19971219 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANCROFT CONVERTIBLE FUND INC CENTRAL INDEX KEY: 0000009521 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 042476994 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-02151 FILM NUMBER: 97741307 BUSINESS ADDRESS: STREET 1: 65MADISON AVE STREET 2: STE 1310 CITY: MORRISTOWN STATE: NJ ZIP: 07960 BUSINESS PHONE: 2122699236 MAIL ADDRESS: STREET 1: 65 MADISON AVENUE STREET 2: SUITE 1310 CITY: MORRISTOWN STATE: NJ ZIP: 07960 NSAR-B 1 N-SAR (3.0.A) PAGE 1 000 B000000 10/31/97 000 C000000 0000009521 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 A 001 A000000 BANCROFT CONVERTIBLE FUND, INC 001 B000000 811-2151 001 C000000 9736311177 002 A000000 65 MADISON AVENUE, 5TH FLOOR 002 B000000 MORRISTOWN 002 C000000 NJ 002 D010000 07960 002 D020000 7308 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 DAVIS-DINSMORE MANAGEMENT COMPANY 008 B000001 A 008 C000001 801-08123 008 D010001 MORRISTOWN 008 D020001 NJ 008 D030001 07960 008 D040001 7308 012 A000001 CHASEMELLON SHAREHOLDER SERVICES, L.L.C. 012 B000001 84-5579 012 C010001 NEW YORK 012 C020001 NY 012 C030001 10004 013 A000001 COOPERS AND LYBRAND L.L.P. 013 B010001 NEW YORK 013 B020001 NY 013 B030001 10019 013 B040001 6013 015 A000001 THE BANK OF NEW YORK PAGE 2 015 B000001 C 015 C010001 NEW YORK 015 C020001 NY 015 C030001 10286 015 C040001 1258 015 E010001 X 018 000000 Y 019 A000000 N 019 B000000 0 020 A000001 GEORGE K. 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C000000 900 081 A000000 Y 081 B000000 2 082 A000000 Y 082 B000000 50 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 COMMON STOCK 087 A020000 05-9695106 087 A030000 BCV PAGE 10 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 N SIGNATURE GARY LEVINE TITLE TREASURER EX-99.1 2 Form N-SAR For period ended 10/31/97 File Number 811-4656 This report is signed on behalf of the Registrant in the City of Morristown and State of New Jersey on the 18th day of December, 1997. Bancroft Convertible Fund, Inc. Name of Registrant By: /s/ Gary I. Levine Gary I. Levine Treasurer Witness:/s/ Thomas H. Dinsmore Thomas H. Dinsmore Chairman EX-99.2 3 REPORT OF INDEPENDENT ACCOUNTANTS _________________ To the Board of Directors of Bancroft Convertible Fund, Inc.: In planning and performing our audit of the financial statements of Bancroft Convertible Fund, Inc., for the year ended October 31, 1997, we considered its internal control, including controls over safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of Bancroft Convertible Fund, Inc., is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in internal control, errors or irregularities may occur and may not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of any specific internal control component does not reduce to a relatively low level the risk that errors or irregularities in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of October 31, 1997. This report is intended solely for the information and use of management and the Securities and Exchange Commission. COOPERS & LYBRAND L.L.P. New York, New York November 13, 1997 -----END PRIVACY-ENHANCED MESSAGE-----